Builders FirstSource, Inc. (BLDR) Shares Bought by First Trust Advisors LP
First Trust Advisors LP boosted its stake in shares of Builders FirstSource, Inc. (NASDAQ:BLDR) by 20.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 165,618 shares of the company’s stock after acquiring an additional 28,097 shares during the period. First Trust Advisors LP owned about 0.15% of Builders FirstSource worth $2,537,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in Builders FirstSource during the first quarter worth $108,000. Invictus RG acquired a new position in Builders FirstSource during the first quarter worth $140,000. Envestnet Asset Management Inc. raised its position in Builders FirstSource by 68.3% during the first quarter. Envestnet Asset Management Inc. now owns 9,511 shares of the company’s stock worth $143,000 after acquiring an additional 3,861 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Builders FirstSource during the first quarter worth $150,000. Finally, Stratos Wealth Partners LTD. acquired a new position in Builders FirstSource during the second quarter worth $194,000. Institutional investors own 85.48% of the company’s stock.
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In other news, Director Paul S. Levy purchased 800,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was acquired at an average price of $16.17 per share, with a total value of $12,936,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jll Partners Fund V. Lp sold 13,482,177 shares of Builders FirstSource stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $16.17, for a total value of $218,006,802.09. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.
A number of equities analysts have weighed in on the stock. Wedbush restated a “buy” rating and set a $20.00 price objective on shares of Builders FirstSource in a research report on Thursday. Deutsche Bank AG upped their target price on shares of Builders FirstSource from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Builders FirstSource from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Builders FirstSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Finally, FBR & Co reaffirmed a “buy” rating and set a $20.00 target price on shares of Builders FirstSource in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $17.29.
Shares of Builders FirstSource, Inc. (NASDAQ:BLDR) opened at 16.63 on Friday. Builders FirstSource, Inc. has a 12-month low of $9.04 and a 12-month high of $17.22. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 11.01 and a beta of 2.11. The stock’s 50 day moving average is $15.91 and its 200-day moving average is $15.15.
Builders FirstSource (NASDAQ:BLDR) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.03. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.83 billion. Builders FirstSource had a return on equity of 43.83% and a net margin of 2.60%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. Equities analysts anticipate that Builders FirstSource, Inc. will post $1.12 EPS for the current fiscal year.
About Builders FirstSource
Builders FirstSource, Inc is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors, remodelers and consumers. The Company’s operating segments include Northeast, Southeast, South and West. As of December 31, 2016, it operated at 400 locations in 40 states across the United States.
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